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Magna International (Magna International) Tax Provision

: $-320 Mil (TTM As of Dec. 2023)
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Magna International's tax provision for the three months ended in Dec. 2023 was $-12 Mil. Its tax provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-320 Mil.

Magna International Tax Provision Historical Data

The historical data trend for Magna International's Tax Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Magna International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Provision
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -591.00 -329.00 -395.00 -237.00 -320.00

Magna International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tax Provision Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -35.00 -58.00 -129.00 -121.00 -12.00

Magna International Tax Provision Calculation

Tax to be paid.

Tax Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-320 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Magna International (Magna International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Tax Provision
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TSX:LNR TSX:MRE TSX:XTC TSX:WPRT TSXV:HC XCNQ:ATHR TSXV:SSA TSE:7315 TSE:6902 TSE:5108 XPAR:ML MBLY APTV XKRX:012330 SHSE:600660 XTER:CON LKQ ISX:ASII TSE:5802 TSE:7259
Traded in Other Exchanges
MGA N:Mexico MGA:Germany MGA:Germany MG:Canada
Address
337 Magna Drive, Aurora, ON, CAN, L4G 7K1
Website
https://www.magna.com
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.